How Does The IPL Generate Funds And Earn Money?
WRITTEN BY Sumit Kumar
IPL Media Rights
Media rights are one of the IPL's main revenue sources. For a sizable sum of money, the league sells its broadcasting rights to various TV networks and internet streaming sites.
IPL attracts a number of sponsors from many sectors, including telecommunications and consumer products. These sponsors spend a sizable sum of money to promote their goods & services.
The Board of Control for Cricket in India collects an annual franchise fee from the various franchises that hold IPL teams. This cost can be significant and varies from team to team.
IPL games draw sizable crowds, and tickets are expensive for these games. The cost of the tickets varies according to the venue, the teams competing, and the tournament stage.
During the competition, IPL merchandise like jerseys, hats, and other accessories are offered. To support their favorite teams, fans buy these things.
Teams in the IPL fight for a substantial prize fund. A sizable chunk of this pool, which goes to the winning team, can be rather large.
IPL games draw a sizable audience, and businesses are eager to advertise there. To advertise during the competition, advertisers must pay a premium.
Digital media rights
IPL sells its digital media rights to a number of businesses, including social media platforms, for a large sum of money.
IPL matches attract VIPs, celebrities, and corporate clients who are willing to pay a premium for hospitality packages.
IPL clubs sign a number of well-known players, who are paid a substantial amount of money to play for their individual teams.
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